After returning at night, Ling Yu'er slept with Ling Yuzhen, while Chen Hui slept alone.

On the big bed, Chen Hui opened the Standard Chartered Bank stock price chart, and now the stock price of Standard Chartered Bank has skyrocketed for many days, and today it has risen by 5% again, and now the market value of Standard Chartered Bank has increased from $40 billion to $42 billion!

Chen Hui's 54% stake in Standard Chartered Bank has also increased in value!

Standard Chartered Bank has also played a good role in a series of layoffs, reforms, divestment of non-performing assets, and streamlining of business!

Now Standard Chartered Bank is also slowly getting rid of the previous 'money laundering scandal' and the adverse impact of being fined 600 million US dollars by the US Department of Justice!

With Chen Hui, the iron-blooded chairman, and John, the CEO of the 'chopsticks', Standard Chartered Bank can be said to have completely scraped the bones and healed the wounds!

"Tomorrow is the DBS shareholders' meeting, and I hope that the stock price of Standard Chartered Bank will continue to soar during this period!"

"Relatively speaking, DBS Bank's market value has also fallen more and more fiercely!"

After thinking about it, Chen Hui muttered in his heart: "When the time comes, the equity division of the merger into a new bank will be more beneficial to me!"

After swiping through the news, today the CEO of DBS Bank (DBS), the largest bank in Southeast Asia by assets, said that DBS has no intention of letting Standard Chartered Bank acquire all or part of the shares.

Standard Chartered's operations are mainly located in Asia and Africa. Previously, some investors proposed a merger between the two banks.

However, DBS CEO Gao Bode also said that Standard Chartered Bank is about three times the size of DBS, and DBS Bank will be absorbed after the merger, which is not in the interest of DBS.

Bill Winster, CEO of Standard Chartered Bank Asia, declined to comment on this!

This year, Standard Chartered announced that it would make significant cuts to its business units to improve overall margins, while selling off a lot of Asian assets, and now it is well funded, and DBS is in such a good form that it can merge with Standard Chartered Bank to make up for each other's shortcomings.

Zhang Xiaolei, Executive Vice President of Standard Chartered Bank Asia, Chief Executive Officer of Standard Chartered Building, and Executive Director of DBS Bank, said that she is currently communicating and negotiating with the directors and major shareholders of DBS Bank to promote the merger of the two banks, and will hold a DBS general meeting of shareholders tomorrow to make decisions!

DBS CEO Gao Bode once again reiterated that merging with traditional banks such as Standard Chartered is not in line with the development prospects of the industry, and the main opponents in the future will be electronic companies such as Alibaba. At the same time, regulatory regulations do not allow DBS to merge with a major international bank such as Standard Chartered.

DBS will focus on competing with fintech companies.

Fintech companies have already secured billions in funding over the past few years, and building e-commerce giants such as Alibaba's Ant Financial will be DBS' biggest competitors. Alibaba does not have a physical business department or branches, but it can realize all bank lending and payment functions.

A spokesman for Ant Financial declined to comment on DBS' comments.

"It's useless for Singapore's sovereign wealth fund to boycott!"

"However, Singapore's sovereign fund, collapsed consortium, Citigroup, and Mogeng Chase Bank do not agree, but other shareholders may be able to accept the merger in the form of a combination of bank assets, market capitalization, and registered capital!"

"The Lin Group will also be satisfied with this merger!!"

"And once the two banks merge, I can use financing to increase my equity ratio!"

After all, once the two banks merge, the value of the shares in the hands of the shareholders will not be the same, now the market value of Standard Chartered Bank is 42 billion US dollars, DBS Bank is more than 30 billion US dollars, and the new bank formed by the merger cannot immediately have a market value of 72 billion US dollars, and the value of the shares in the hands of the major shareholders will have to shrink.

Singapore's sovereign funds, collapsed consortiums, Citigroup, and Morgan Chase Bank will definitely resist resolutely, after all, they hold a lot of equity in their hands, but other small shareholders may be acceptable!

Previously, Chen Hui proposed a complex merger method, that is, the market value of the bank, the scale of the bank's assets, the bank's responsibility, and the registered capital are all referenced!

The easiest way to merge two companies is to merge directly by adding up the registered capital!

This merger method is very simple, after the merger, the registered capital is A+B.

Each shareholder is merged into the merged company according to the original number of shares.

The registered capital of Company A is 1 million, and the registered capital of Company B is 2 million.

Shareholder A's shareholdings: 570,000, B's shareholdings: 380,000, C's shareholdings: 50,000.

Shareholder D's shareholdings: 1.8 million, E's shareholdings: 50,000, F's shareholdings: 50,000.

Then, after the merger, the registered capital of the company is: 100 + 200 = 3 million.

The number of shares held by shareholders A, B, C, D, E, and F is still 57, 38, 5, 180, 5, and 5 respectively.

In this way, there is no need to purchase equity, but it is distributed according to the number of shares before the merger.

But mergers between big banks are not as easy and simple as ordinary companies.

··

The next day, Chen Hui and Ling Yu'er, Ling Yuzhen, set off to attend the DBS Bank shareholders' meeting.

The shareholders' meeting was held on time at 9 o'clock in the morning, Chen Hui and Ling Yuzhen were wearing big sunglasses, when Chen Hui saw Zhang Xiaolei, HSBC, Bank of America representatives, smiled at a group of them, and then followed Ling Yuzhen into a seat, and then the representatives of the Lin consortium also followed closely.

Zhang Xiaolei, Wang Zhongsheng, Executive Vice President of HSBC, Hong Qiming, President of Bank of America Asia Pacific, and others understood that after glancing at Chen Hui, they also entered the table with their own people.

Representatives of Singapore's sovereign wealth fund, the collapsed consortium, Citigroup, and Mogeng Chase Bank were also present.

Shareholder representatives from other institutions also talked about it from time to time.

Everyone knows that this time Standard Chartered Bank, HSBC, Bank of America and Singapore's sovereign wealth fund, collapsed consortium, Citigroup, Mogeng Chase, and Lin's Group are going to tear apart at the shareholders' meeting again!

DBS Bank CEO Gao Bode first delivered a long speech, all of which was about resisting the merger of DBS Bank and Standard Chartered Bank!

It's like a university professor giving a lecture on his academic topic to the students below!

Chen Hui was a little sleepy when he heard this, so he closed his eyes in his seat and recuperated.

This time, Chen Hui didn't see Jimmy from the Citi Foundation, and thinking of that Jimmy was beaten by himself last time, he couldn't help but smile at the corner of his mouth.

At this time, the shareholders' meeting began to debate words.

Standard Chartered, Bank of America, HSBC began to bombard Gobald's views.

Suddenly, there was a lot of noise at the shareholders' meeting.

But opposition is slowly overshadowing the voices of Standard Chartered Bank, Bank of America, and HSBC.

··

At this time, Zhang Xiaolei spoke and said, "Then let's vote now!"

"It's useless to make noise!"

"Vote!"

At this time, the representative of Singapore's sovereign wealth fund, Wei Li, said: "Don't worry, you shareholders have not yet figured out the facts, and we need to inform the shareholders present of the stakes!"

The representative of the collapsed consortium also followed: "What are you anxious about?"

"Everyone hasn't figured out the situation, so you want everyone to vote blindly?"

The representative of the Citi consortium also said: "This lady, don't you have to think about it when you decide to vote?"

Representative of Mogeng Chase said: "Dear lady, you should go back and be a housewife, because you need to think brainily when making decisions at the shareholders' meeting"

···

It immediately caused a lot of laughter.

Holding, the representative of Singapore's sovereign wealth fund, sneered and looked at this scene, they were fully prepared!

Many DBS executives were invited to speak at the shareholders' meeting, and their speeches were resolutely against the merger of Standard Chartered Bank and DBS Bank!

Well said!

also took out the performance report, as well as market research, and at the same time kept criticizing and attacking Standard Chartered Bank!

Explain to all minority shareholders the disadvantages of DBS!

This shareholders' meeting was held from morning to afternoon!

Slowly, almost all the shareholders present are on the side of Singapore's sovereign fund!

Except for representatives of HSBC, Standard Chartered, Bank of America, the rest of the minority shareholders are one-sided.

Even the shareholders who voted for DBS' takeover of Bank Indonesia last time have turned against it.

Wai Li, the representative of Singapore's sovereign wealth fund, looked at Zhang Xiaolei, Wang Zhongsheng, Hong Qiming and others proudly.

At this time, he said: "Miss Zhang, Mr. Wang, Mr. Hong, it's not early, do you have anything else to say?"

Looking at Zhang Xiaolei, Wang Zhongsheng, Hong Qiming and the others, their faces were a little gloomy, and Wei Li smiled again: "Then, let's start voting!"

Now they have 55% of the votes in favor of their side, and almost all shareholders are resolutely resisting the merger between DBS and Standard Chartered Bank under their rendering!

Today, at DBS, Citigroup holds 4% of the shares.

Singapore's sovereign wealth fund holds around 6.5% of the shares

The Tata consortium in Curry Country holds 8.1% of the shares

The Lin Group of Bang Ziguo holds 8.1% of the shares

The stake held by Chase Bank is 8.1%.

The right to speak is only 34.8%.

Coupled with the support of almost all minority shareholders, the votes are now as high as 55%!

Thinking of this, Wei Li sneered in his heart, and said proudly: "You want Standard Chartered Bank to annex DBS Bank, but there is no door!"

The representatives of the collapsed consortium, Citigroup, and Mogeng Chase Bank also looked at the representatives of HSBC, Standard Chartered Bank, and Bank of America proudly!

Quite a few people even gave their middle fingers up!

Look down on these guys who are always doing things!

Chen Hui doesn't care about it, and keeps chatting with people on the Internet.

All the shareholder representatives who had previously supported them were all against the merger between Standard Chartered Bank and DBS Bank this time.

This is also expected by Chen Hui!

Fortunately, the Lin Group was dealt with, otherwise Standard Chartered Bank would have to spend a lot of effort, energy and time if it wanted to annex DBS Bank!